Overview
What is Home Opportunities Made Easy Inc?
Home Opportunities Made Easy Inc, or HOME Inc, is a nonprofit organization situated in Des Moines, Iowa. With a mission to assist families struggling to secure adequate housing on their own, HOME Inc acts as a developer and general contractor, constructing or rehabilitating homes for low-income families. They provide housing opportunities through lease/purchase, contract purchase, turnkey, and rental options. In collaboration with governmental and nonprofit entities, HOME Inc also contributes to building or improving housing for low-income individuals in Polk County. The organization's primary aim is to create opportunities for quality, affordable housing, employing a workforce of 19 individuals.
Official website here: www.homeincdsm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Home Opportunities Made Easy Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance mainly in Accountability & Finance, with a score of 81%. This rating indicates that the organization has robust financial practices in place, ensuring transparency and responsible management of resources. The majority of the board members are independent, enhancing the organization's governance and accountability.
The nonprofit excels in areas such as having comprehensive financial oversight, with an audit and oversight committee and various governance policies in place, including conflict of interest and whistleblower policies. Additionally, the organization demonstrates a strong commitment to programmatic spending, with nearly 88% of expenses directed toward its programs, which indicates effective utilization of funds for its mission.
However, the organization's liabilities to assets ratio has been noted as a limitation, scoring 0 out of 15. This could suggest potential concerns regarding financial stability, which may warrant future assessment. Overall, the charity shows promise in governance and financial accountability, but addressing its financial liabilities could enhance its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Home Opportunities Made Easy Inc legitimate?
Home Opportunities Made Easy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Home Opportunities Made Easy Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $192,354
Professional Fundraising Fees: $0
Other Salaries and Wages: $501,046
For more financial information, click here
Official website here: www.homeincdsm.org
What is the mission statement of Home Opportunities Made Easy Inc?
Home Opportunities Made Easy Inc's mission is centered around assisting families who struggle to secure adequate housing through their own means. This organization, referred to as Home, Inc., strives to create opportunities for quality, affordable housing. To achieve this, Home, Inc. serves as a developer and general contractor in constructing or refurbishing homes, which are then utilized to provide housing opportunities for low-income families. This is done through various means such as lease/purchase, contract purchase, turnkey, and rental options. In collaboration with governmental or nonprofit entities, Home, Inc. also acts as a general contractor in building or improving housing for low-income individuals in certain areas.
Official website here: www.homeincdsm.org
Who is the CEO of Home Opportunities Made Easy Inc?
Kris Saddoris is the Exec Director (Thru. Sept. 2021) of Home Opportunities Made Easy Inc.
Official website here: www.homeincdsm.org
What is the revenue of Home Opportunities Made Easy Inc?
Home Opportunities Made Easy Inc's revenue in 2022 was $2,240,213.
Official website here: www.homeincdsm.org
Who are the executives of Home Opportunities Made Easy Inc and what are their salaries?
The average compensation at Home Opportunities Made Easy Inc during 2022 was $36,495. There are 19 employees and 30 volunteers at Home Opportunities Made Easy Inc.
Here are 19 key members and their salaries:
- Compensation: $73,892
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- Other: $18,467
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- Other: $15,184
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Official website here: www.homeincdsm.org
Where can I find the form 990 for Home Opportunities Made Easy Inc?
Home Opportunities Made Easy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homeincdsm.org
Learn more at the official website: www.homeincdsm.org
Mission Statement of Home Opportunities Made Easy Inc
Home Opportunities Made Easy Inc, as its name suggests, is committed to creating opportunities for quality, affordable housing. This nonprofit organization undertakes various housing projects, acting as a developer and general contractor in the construction or renovation of homes. Its mission is to provide housing assistance to families who are unable to obtain adequate housing on their own. Home, Inc. accomplishes this by offering housing opportunities through lease/purchase, contract purchase, turnkey, and rental programs. In some cases, the organization partners with governmental or nonprofit entities, serving as a general contractor in the construction or improvement of homes for low-income individuals in Polk County. In essence, Home Opportunities Made Easy Inc is dedicated to making housing more accessible and affordable for those in need.
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Impact
July, 2024
Home Opportunities Made Easy Inc's impact is evident in the tangible support it provides to families in need of adequate housing. By acting as a developer and general contractor in the construction or rehabilitation of homes, this organization significantly contributes to addressing the housing challenges faced by low-income families. Through various housing programs such as lease/purchase, contract purchase, turnkey, and rentals, Home Opportunities Made Easy Inc offers practical solutions to individuals who may not have the means to secure housing on their own. These efforts not only improve living conditions for vulnerable populations but also foster stronger communities and promote stability among residents. In partnership with governmental and local entities, Home Opportunities Made Easy Inc plays a crucial role in building and improving housing infrastructure to benefit those in need in Polk County. Their mission to create opportunities for quality, affordable housing positively impacts the lives of many individuals and families, making a meaningful difference in the community.
This information is meant to be a general summary of Home Opportunities Made Easy Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $893
- Program Service Revenue: $378,936
- Gross Receipts: $2,249,729
Assets and Liabilities:
- Total Assets: $3,394,939
- Total Liabilities: $2,521,624
- Net Assets: $873,315
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME OWNERSHIP REVENUE
Revenue
$201,165
SUBSIDIZED RENTAL INCO
Revenue
$75,982
GENERAL CONTRACTING FE
Revenue
$52,364
DEVELOPMENT FEES
Revenue
$38,933
MORTGAGE INTEREST INCO
Revenue
$6,317
Organization Details
Founding Year
1967
Phone
(515) 243-1277Principal Officer
Kris Saddoris
Main Address
1618 6TH AVE, DES MOINES, IA, 50314
Website
www.homeincdsm.orgNTEE Category
Code: L20Z - Housing
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